Hotel PIP

Hotel PIPs: Funding a Property Improvement Plan with a CMBS Loan

Hotel PIPs: Funding a Property Improvement Plan with a CMBS Loan

If you own a branded hotel or hotel franchise, you may be interested in participating in your franchise’s property improvement plan (PIP). Property improvement plans are typically required in order to bring a hotel in line with the franchise’s latest design standards, and in some cases, are mandatory, especially if a franchisee wants to expand their hotel or purchase a new franchise location.